Digital payment fintech, Pay Central, in partnership with MasterCard, launches DigiCentral, a prepaid virtual card that enables small business owners to access a secure, quick, and cost-effective online platform to pay employee incentives and other business expenses.
The virtual cards are useful for in-store and online purchases, thereby replacing the regular plastic cards.
Physical store purchases are enabled by loading the virtual card into any Masterpass-enabled digital wallet and cardholders then scan a QR code displayed at checkout can using their phones at South African retailers and billers that accept Masterpass payments.
Online payments will involve the use of a 16-digit card number, security code, and expiry date, linked to online retail apps like Uber, Uber Eats, etc.
PayCentral online portal gives business owners full control of their finances, access to a card management platform with full reporting capability at no monthly cost that easily integrates with the payroll process and significantly reduces cash dependence in business operations.